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The buy-to-let property market is back, thanks to the taxpayer. But there is a backlash against it, as Channel 4 News Economics Editor Faisal Islam discovers.
The economic euphoria of the ‘go go years’ quickly turned to bust as the credit crisis rocked banks and entire continents. But what lessons have been learned by global finance?
Jon Snow
What do the banks know that we don’t? The Spanish bank Santander is on an aggressive recruitment drive – looking to fill up to 6,000 jobs. Even the banks you and I own, Royal Bank of Scotland and Lloyds are hiring people whilst continuing to get rid of backroom staff. How can you have a…
Krishnan Guru-Murthy speaks to Ed Balls, who says the contest has been a “liberation” from which he has no intention of quitting.
Faisal Islam blogs on how the banks still face long-term funding problems, despite unveiling big profits this week.
The Bank of England will tonight become the most powerful institution in Britain. To understand what is to happen at tonight’s Mansion House speech, you have to go back a year to last year’s Mansion House event. Then, with the recession and the financial crisis still raging, the Governor of the Bank of England and…
The Liberal Democrat turned to banking in this morning’s briefing and FactCheck turned to some of their statements.
Channel 4 News Economics correspondent Faisal Islam examines the news that the Bank of England loand more than £60bn to RBS and HBoS in secret.
House prices are back at 2008 levels. On average the value of our castles are now back where they were before the Lehman calamity. So is it hooray! three cheers! and high fives all around?
About two years ago I met one of the top British bankers and asked for an opinion on Brown/Darling vs Cameron/Osborne. I was shocked to hear his scepticism about the Tory business policy versus the government. To be clear, this was Brown at his absolute peak, still ahead in the polls, just before Northern Rock…
Lehman’s bankruptcy changed the world. It sent world economy into a precipitous decline that’s matched the Great Depression. It arguably changed the course of the US election. It was a violent economic event that will be debated for decades. Much of the mystery surrounds the events of the weekend of the 13th/ 14th September 2008,…
It’s the Mansion House speech tonight, and it comes on a day when unemployment numbers on the claimant count went up by much less than expected. The chancellor himself is the most high profile example of this. Just a fortnight ago, his own team were unsure as to whether he would be delivering tonight’s landmark…
Amid the chaos, it appears Team Brown are clinging on to one hope: the economy. As the prime minister himself has just said: “People are beginning to see the difference… there are already some instances of the economy showing results.” There’s some irony here. In a previous abortive attempt at blogging I posted about electionomics…
Jon Snow
So Britain’s 12th largest building society goes bust – and the chairman complains that the chancellor isn’t bailing it out. Stunning! If, as some suggest, the Dunfermline Building Society is a victim of reckless lending, what possible obligation does Mr Darling have to bail it out?
Jon Snow
AIG, the US insurer which got through $170bn of taxpayers’ money in order to survive and then had the cheek to pay $165m of it to dozens of senior executives, is up before a congressional committee today.